Business

NBR targets tax-dodging car users The government is likely to double the advance tax for private motor vehicles from the upcoming fiscal in a bid to boost income tax collection from the well-off section of people, officials said. With the change, the minimum tax for a 1500 cc car will be raised to Tk 6,000 ... Read more

BRAC Bank has clinched the ‘Sustainable Bank of the Year 2010’ award at the FT Sustainable Banking Awards, said a statement. The award was jointly announced by Financial Times newspaper and International Finance Corporation, a member of the World Bank Group, at an award ceremony on Thursday in

KDA Avenue Branch of Islami Bank Bangladesh Ltd (IBBL) was inaugurated as its 232nd Branch at Khan A Sabur Road, Khulna on Sunday. Nazrul Islam Manzu, MP, Khulna-2 inaugurated the Branch as Chief Guest while AKM Fazlur Rahman, GM, Bangladesh Bank, Khulna was present at the program as special Guest. The

Apparel industry in Bangladesh Wages becoming regular but workplace safety, health conditions worrisome: Wal-Mart Wal-Mart, the world’s largest retailer, thinks that payment of wages and benefits to Bangladeshi apparel workers are becoming regular. But its auditors described workplace safety and health conditions in Bangladeshi factories, on an average, as ‘still

Grameen Telecom Trust and IES Alliance of Bahrain signed a MoU on Saturday to set up a joint venture fibreglass company in in Bangladesh. The proposed company, Grameen Fibreglass, will make fibreglass products, pipes for sanitation and sewerage purposes, building materials, boats and furniture, said a

Global Motors Ltd has launched car rental services in association with Bangladesh Parjatan Corporation to provide transportation to inbound tourists. Under the partnership, tourists can rent cars from Global Motors at Hazrat Shahjalal International Airport to their destinations inside

Elections to the executive board of the Federation of Bangladesh Chambers of Commerce and Industry has been deferred by two days to June 19. A statement of the country’s apex trade body on Saturday said that the election was deferred as the mayoral election in the Chittagong City Corporation had coincided with the original date ... Read more

Syed Mahbubur Rahman has been appointed managing director and chief executive officer of BRAC Bank, the bank said in a statement yesterday. Prior to this appointment, Rahman was the deputy managing director (DMD) for the same bank. He began his career with Saudi Bangladesh Agricultural and Industrial Investment Company and

Kazi Masihur Rahman has been reappointed managing director of Exim Bank, the bank said in a statement yesterday. An MA in economics from Dhaka University, Rahman joined Exim as additional managing director in

An unconventional product was added to Bangladesh’s export basket as The Reptile Farm Ltd, country’s lone crocodile farm, on Friday made its maiden shipment of crocodile export to Germany, after five years into its inception. ‘A Thai Airways flight carrying 67 frozen saltwater crocodiles reared in my farm left Dhaka at

Clewiston Group, a Chittagong-based company, is set to build a 350-room five-star hotel on Kalatoli beach in Cox’s Bazar, officials said yesterday, quoted The Daily Star. Radisson, the flagship brand of US-based international chain Carlson Hotels Worldwide, will manage and operate the

Emirates, the official airline of the FIFA World Cup 2010, will operate extra flights for the tournament. Following high demand for flights to South Africa for the final of the FIFA World Cup fans will have more than a sporting chance of fulfilling their goal as the airline will operate a brace of flights to

Sultana Shaheda Islam, managing director of SS Builders and Developers Ltd, was elected senior vice-president of the Real Estate and Housing Association of Bangladesh at an executive committee meeting of the association at its secretariat in Dhaka on

The overseas employment minister himself fears a ‘dangerous’ future for the sector, if the migration cost is not reduced. “They spend Tk 2 lakh to Tk 2.5 lakh to go abroad, but fail to earn the amount they spend during the tenure of service. At one stage they overstay and become irregular,” Khandakar Mosharraf Hossain

Bangladesh is not known well enough outside and it deserves better. This was the tone of the discussants at a seminar on branding Bangladesh as they said the country has good ingredients for a strong brand, but lacks initiatives both from the public and private sectors for brightening its

A survey has found that 65 percent of businessmen think the energy crunch is the biggest setback to investment. Forty-eight percent of the businessmen say it is the increased cost of raw materials that constraints investment. The findings of the Business Confidence Survey (January-March) conducted by International

Standard Chartered Bank recently has launched yet another Financial Kiosk- first of its kind ever launched in Bangladesh. This 3rd Kiosk is located at Moghbazar, equipped with an ATM, a Billspay Machine, a Contact Centre Hotline & an Internet Banking Kiosk. In addition, there are Service Staffs at the kiosk to address customer queries and

Mobile phone operator Robi has recently launched setting up computer corners on college campuses across the country. The programme was inaugurated at Shaheed Mashiur Rahman Degree College at Jhikargachha upazila in

Unique Business Systems Ltd (UBSL) has arranged large screen for the viewers of World Cup Football-2010 beginning on June 11 at Johannesburgh, says a press release. If any one buys a TV of this brand for taka 46,000.00, he will get free large screen. A brightness 2800ANSI lumens combined with a 3000:1 Contrast Ratio, DLP ... Read more

More than 3.5 lakh people in 42 districts are now internet aware through Nokia’s Ovijan campaign. Nokia, a leading company of mobile devices in world, is bringing internet closer to reality in Bangladesh to drive internet literacy and create email identities for next generation